Price Action Trading (no technical indicators)
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##TheStrategyLab (located on the Freenode IRC network) is
free along with being a serious professional trading chat room for traders using
WRB Analysis (e.g. Contracting Volatility, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, WRB Zone, R area of WRB Zone, S area of WRB Zone) by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a
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price action trading analysis involving WRB Analysis merged with your own trade methods, post real-time trades or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies. In addition, we welcome all traders (beginners, experience, part-time, full-time) that are merging WRB Analysis with their trade methods or using WRB Analysis to
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(market context) they're trading.
##TheStrategyLab chat room is is primarily designed for you to use as a
trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your performance numbers on any given trading day in the past. Therefore, if you use our chat room...its
highly recommended you post messages that reflect what you see in the price action on your monitors so that the chat room becomes your
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your participation in the chat room.
Also, ##TheStrategyLab chat room is
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not there to teach you how to trade and you will
not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are
only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be
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Quote:
The chat room is only for traders learning or applying concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are required to post either one WRB Analysis price action commentary involving any key concept from the free study guide, one real-time trade or one general trading related commentary per day they log-in to the chat room. Yet, if the trader decides to post real-time trades (simulator or real-money)...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently log-in and not post any price action commentary involving WRB Analysis or post ambiguous trades will be KICKED (removed) from the chat room. Exceptions to the chat room participation rule involves those traders that are actively posting elsewhere at TheStrategyLab.com (e.g. DOKs at their support forum in the public area or within their private threads)...these traders are then allowed to not participate in the chat room if that's what they prefer to do instead of asking for help with real-time WRB Analysis.
With that said, thanks for reading the trades, price action analysis or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding
price action trading. To qualify for access to our free ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions at the TSL Support Forum
@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Attachment:
121014-Key-Price-Action-Markets.png [ 1.48 MiB | Viewed 298 times ]
click on the above image to view today's price action of key markets Session Start: Wed Dec 10 09:03:19 2014
Session Ident: ##TheStrategyLab
[09:03:19] * Now talking in ##TheStrategyLab
[09:03:19] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @
http://www.thestrategylab.com/tsl/forum ... 119&t=718'[09:03:19] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:03:19] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:20:39] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis for price action trading to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX 6E Futures, Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40, BUND), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, HO, QM), Gold GC Futures, Natural Gas NG Futures, Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Hang Seng HSI Futures, NIFTY Futures, Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) and other key market price actions.
[09:32:30] <tradermo> long nq 4293
[09:34:09] <MattyR> long es 53.50
[09:34:12] <MattyR> 1 lot
[09:35:04] <MattyR> covered ES -1.00
[09:36:02] <tradermo> exit all nq 4283
[09:39:11] <@wrbtrader> Long Emini TF @ 1183.90 -> medium size
[09:39:24] <MattyR> l ES 52.75
[09:39:27] <@wrbtrader> 1+3 contracts
[09:39:28] <MattyR> 1 lot
[09:40:37] <@wrbtrader> Emini TF futures filled in the regular session GAP
[09:40:45] <@wrbtrader> WRB pt1 reached
[09:41:18] <tradermo> short ym 17730
[09:41:28] <@wrbtrader> Exited all Emini TF Long @ 1185.90 --> + 2
[09:42:02] <@wrbtrader> Long Emini TF @ 1185.80 -> medium size
[09:42:07] <@wrbtrader> re-entry
[09:42:40] <@wrbtrader> back below the GAP
[09:42:44] <Tigerman__>
all
[09:42:56] <nadina__> hi Tiger
[09:42:58] <Tigerman__> lg eur 1.2391
[09:43:03] <@wrbtrader> Exited all Emini TF Long @ 1184.30 --> - 1.5
[09:43:18] <MattyR> covered ES - 1.50
[09:44:01] <Tigerman__> exit all eur at 1.2394 +3t
[09:44:13] <tradermo> stop to breakeven 17730
[09:46:05] <@wrbtrader> Shorts Emini TF @ 1182.60 -> medium size
[09:46:05] <MattyR> short ES 50.0
[09:46:12] <@wrbtrader> 4 contracts
[09:46:18] <MattyR> 1 lot
[09:46:20] <@wrbtrader> choppy too
[09:47:37] <MattyR> covered ES +0.25
[09:48:31] <@wrbtrader> We've had an unusual number of opening session chop days when there's no KME's until 1030am or later
[09:48:39] <@wrbtrader> in reference to this year alone
[09:49:27] <@wrbtrader> WRB pt1 reached
[09:49:36] <@wrbtrader> crazy strange price action
[09:49:55] <Tigerman__> sh iwm 117.77
[09:50:26] <Tigerman__> exit all iwm 117.60 +17 tk
[09:52:12] <tradermo> long iwm 17.50
[09:52:17] <@wrbtrader> Covered all Emini TF Short @ 1180.70 --> + 1.9
[09:54:02] <@wrbtrader> Shorts Emini TF @ 1180.10 -> medium size
[09:54:13] <@wrbtrader> 4 contracts
[09:54:17] <@wrbtrader> re-entry
[09:54:51] <@wrbtrader> WRB pt1 reached (not able to grab it)
[09:55:20] <Tigerman__> sh iwm 43 intuit
[09:56:14] <Tigerman__> exit 1/2 33 +10t
[09:56:16] <@wrbtrader> Covered all Emini TF Short @ 1178.70 --> + 1.4
[09:57:38] <Tigerman__> exit all iwm rem at 117.38 +5t
[10:02:55] <Trader_Uy> Mark sent you pm for when you have time no rush
[10:04:48] <tradermo> exit all iwm 117.29
[10:05:26] <@wrbtrader> snap back upwards
[10:05:30] <@wrbtrader> still choppy
[10:06:05] <@wrbtrader> If you sent a pm in here...I don't have it
[10:06:16] <@wrbtrader> To send me a pm in here...just double click on my user name
[10:06:35] <@wrbtrader> If you're talking about the forum...please let me know that's what you meant
[10:06:56] <t4n> not trading today, just watching
[10:08:14] <nadina__> right need to do that
[10:08:46] <@wrbtrader> Trader_Uy...I just got it in here
[10:25:49] <@wrbtrader> A lot of volatility contraction the past 5mins in Emini TF futures
[10:32:17] <Tigerman__> lg eur 1.2428
[10:32:17] <tradermo> exit all ym 17649
[10:33:10] <@wrbtrader> Shorts Emini TF @ 1177.80 -> small size
[10:33:21] <@wrbtrader> 2 contracts
[10:35:04] <Tigerman__> sh ouil cl 61.51
[10:35:19] <@wrbtrader> Covered all Emini TF Short @ 1177.50 --> + 0.3
[10:35:33] <@wrbtrader> snap back
[10:35:37] <Tigerman__> exit 1/2 eur 32 +4t
[10:35:40] <@wrbtrader> almost reached a WRB pt1
[10:36:02] <Tigerman__> exit 1/2 CL 41 +10 tk
[10:36:23] <Tigerman__> my oil trade CL is a CFD oil not the future
[10:36:46] <Tigerman__> price action same anyway
[10:37:46] <@wrbtrader> Shorts Emini TF @ 1176.30 -> medium size
[10:37:53] <@wrbtrader> chasing
[10:37:59] <Tigerman__> exit 1/3 CL 11 +40 tk
[10:38:05] <@wrbtrader> re-entry...poor entry
[10:38:28] <@wrbtrader> increasing volatility
[10:40:12] <@wrbtrader> Covered 3/4 Emini TF Short @ 1175.90 --> + 0.4
[10:40:29] <@wrbtrader> Covered Remainder Emini TF Short @ 1176.10 --> + 0.2
[10:41:13] <@wrbtrader> Emini TF futures slowly retracing yesterday's open (unfilled) WRB Zones
[10:43:32] <@wrbtrader> Trend in the Emini futures NQ, YM, ES, EMD and TF is still obviously down
[10:44:08] <@wrbtrader> They are still trying hard to find some legs to stand up on
[10:44:12] <Tigerman__> oops forget to post remainder eue exit
[10:44:46] <@wrbtrader> In the meantime...Oil CL futures still down but now contracting...
[10:44:59] <Tigerman__> exit all rem eur at 1.2433 +5tk at 10:38 am
[10:45:15] <@wrbtrader> I would like to see CL futures push downward again for a 2nd time
[10:45:34] <@wrbtrader> That'll bring in some volatility in other key markets...maybe even in the Emini futures
[10:46:01] <Tigerman__> exit all rem CL 61.31 +20tk
[10:46:04] <@wrbtrader> Gold GC futures not doing much today after what it did yesterday
[10:49:14] <@wrbtrader> Shorts Emini TF @ 1178.00 -> small size
[10:49:23] <@wrbtrader> 2 contracts
[10:49:28] <@wrbtrader>
[10:51:34] <@wrbtrader> WRB pt1 reached
[10:51:49] <@wrbtrader> Covered all Emini TF Short @ 1177.60 --> + 0.4
[10:52:14] <@wrbtrader> snap back against me after it hit 1177
[10:53:22] <@wrbtrader> That's 4 consecutive trades for me that hit my trail stop.
[10:54:15] <nadina__> what is your trail stop WRB?
[10:54:23] <@wrbtrader> increasing volatility on this counter-thrust back upwards for the Emini TF futures
[10:54:54] <@wrbtrader> Nadina...its discussed specifically in the tutorial chapter free study guide and then again in the trade management file
[10:55:21] <nadina__> OK sorry busy with work this week, not yet looked
[10:55:37] <Tigerman__> lg eur 1.2422
[10:56:22] <@wrbtrader> In a nutshell...I use a lot of R area and S area of WRB Hidden GAPs as my trails or near those price areas as my trails
[10:57:05] <@wrbtrader> Emini TF futures trying to reach the reaction high of 1181.90
[10:57:08] <nadina__> thanks
[10:57:59] <Tigerman__> exit eur 1.2420 -2t
[11:01:51] <Tigerman__> sh eur 1.2418
[11:02:36] <Tigerman__> exit all eur 18
[11:03:03] <Tigerman__> sh eur 18 re-entry
[11:03:29] <Tigerman__> exit 1/2 eur 16 +2t
[11:04:27] <Tigerman__> exit all rem eur 1.2414 +4 t
[11:07:45] <@wrbtrader> Long Emini TF @ 1182.10 -> small size
[11:07:57] <@wrbtrader> 3 contracts
[11:08:30] <@wrbtrader> there's that chop again
[11:08:33] <@wrbtrader>
[11:08:56] <@wrbtrader> Exited all Emini TF Long @ 1182.20 --> + 0.1
[11:09:34] <@wrbtrader> Today is starting to develop into not "where" you put your trail stops in...
[11:09:51] <@wrbtrader> more like "when" the trail stops is put in
[11:10:04] <@wrbtrader> too soon and you're trade gets pick pocketed
[11:10:25] <Trader_Uy> thats what I call controlled stabbing
[11:10:56] <Trader_Uy> you are in a controlled stabbing mode
[11:11:08] <@wrbtrader> someone(s) out there is doing an excellent job in grabbing stops
[11:11:51] <@wrbtrader> Shorts Emini TF @ 1179.20 -> small size
[11:12:00] <@wrbtrader> 2 contracts
[11:14:31] <@wrbtrader> Covered all Emini TF Short @ 1180.20 --> - 1
[11:15:41] <@wrbtrader> Shorts Emini TF @ 1179.30 -> small size
[11:15:48] <@wrbtrader> 2 contracts
[11:15:53] <@wrbtrader> re-entry
[11:16:24] <@wrbtrader> WRB pt1 reached
[11:17:16] <@wrbtrader> Covered all Emini TF Short @ 1177.90 --> + 1.4
[11:21:36] <@wrbtrader> S area of the most recent Up WRB Hidden GAP interval Emini TF 3min chart @ 1178.20
[11:21:57] <@wrbtrader> correction...1178.30
[11:23:00] <@wrbtrader> Emini TF futres back above that S area
[11:23:36] <@wrbtrader> In the meantime...Oil CL futures did that 2nd down movement
[11:27:17] <Tigerman__> yeah right CL continue south
[11:41:41] <@wrbtrader> Long Emini TF @ 1177.90 -> small size
[11:42:02] <@wrbtrader> 2 contracts
[11:42:20] <@wrbtrader>
[11:42:34] <@wrbtrader> I'm now looking for a Houdini Escape
[11:43:07] <@wrbtrader> Exited all Emini TF Long @ 1178.10 --> + 0.2
[11:43:34] <@wrbtrader> trade error on the entry...I saw a trade signal that really wasn't there
[11:58:51] <Tigerman__> sh eur 1.2424
[12:00:05] <Tigerman__> exit 26 -2t
[12:01:05] <Tigerman__> sh eur 25 retry
[12:02:53] <Tigerman__> exit all 23 +2t
[12:02:57] <Tigerman__>
[12:05:12] <Tigerman__> sh eur 2428
[12:05:54] <Tigerman__> exit 1/2 24+4t
[12:06:41] <Tigerman__> exit all rem Eur 1.2423 +5tk
[12:07:43] <@wrbtrader> Shorts Emini TF @ 1177.90 -> small size
[12:07:55] <@wrbtrader> 2 contracts
[12:09:00] <@wrbtrader> something starting to stink about this price area around 1178
[12:09:12] <@wrbtrader> I can't see it but something is there
[12:09:18] <@wrbtrader>
[12:11:27] <Tigerman__> sh eur 1.2429
[12:12:42] <Tigerman__> exit 1/2 27 +2t
[12:13:41] <@wrbtrader> Covered all Emini TF Short @ 1177.80 --> + 0.1
[12:13:50] <@wrbtrader> pick pocketed again
[12:14:28] <@wrbtrader> time for some exercise to clear my thoughts
[12:14:30] <@wrbtrader> be back later
[12:14:33] <Tigerman__> exit all rem Eur 1.2427 +2t
[12:14:45] <nadina__> going to work see you tomorrow
[12:15:28] <Tigerman__> happy walk or exercise wrbtrader I go now too
[12:39:32] <Tigerman__> take care all see next time
[12:47:33] <tradermo> short iwm 117.24
[12:50:56] <tradermo> adding 117.39
[13:31:40] <tradermo> stop to breakeven 117.31
[13:32:43] <tradermo> exit half iwm 117.00
[13:47:01] <tradermo> exit rem iwm 117.77
[14:12:07] <@wrbtrader> Shorts Emini TF @ 1168.60 -> small size
[14:12:25] <@wrbtrader> 3 contracts
[14:14:15] <tradermo> getting ready for vacation and not taking more trades
[14:14:43] <tradermo> i plan to log in again when i am back mid January or so
[14:14:56] <tradermo> hopefully the password will not change
[14:16:17] <tradermo> happy holidays for all !
[14:17:02] <@wrbtrader> Covered all Emini TF Short @ 1169.40 --> - 0.8
[14:20:23] <tradermo> oops, my exit was 116.77 of course
[14:20:36] <@wrbtrader> Shorts Emini TF @ 1170.30 -> large size
[14:24:12] <@wrbtrader> Covered 1/3 Emini TF Short @ 1168.10 --> + 2.2
[14:24:40] <@wrbtrader> Covered 1/3 Emini TF Short @ 1167.90 --> + 2.4
[14:24:50] <@wrbtrader> Holding 3 contract remainders
[14:25:01] <@wrbtrader> WRB pt1 reached
[14:31:47] <@wrbtrader> Covered Remainder Emini TF Short @ 1166.20 --> + 4.1
[14:31:56] <@wrbtrader> WRB pt2 reached
[14:48:39] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis for price action trading to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX 6E Futures, Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40, BUND), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, HO, QM), Gold GC Futures, Natural Gas NG Futures, Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Hang Seng HSI Futures, NIFTY Futures, Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) and other key market price actions.
[14:55:35] <@wrbtrader> Shorts Emini TF @ 1163.80 -> small size
[14:55:39] <@wrbtrader> 1 contract
[14:55:58] <@wrbtrader> should be a battle here
[14:56:15] <@wrbtrader> some of the Russells indices have tested intraday lows
[14:57:52] <@wrbtrader> Covered Emini TF Short @ 1162.80 --> + 1
[14:58:06] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Dec 10 18:35:16 2014
-------------------------
##TheStrategyLab (located on the Freenode IRC network) is
free and is a serious professional trading chat room involving
WRB Analysis in which any trader
(position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a
price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn
WRB Analysis.
Therefore, we welcome
all traders that want to learn about
WRB Analysis regardless if they are beginners or experience traders in
price action trading.
The purpose of ##TheStrategyLab is that it's designed to be a
trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.
Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.
In addition, our primary job in the
free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a
spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.
Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
Hang Seng Index Futures HSI and mini-Hang Seng MHI
Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or
price action only trade signals via concepts from our strategies in the
private chat rooms called
##VolatilityTradingTSL or
##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.
Reminder, our
Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional
price action trading chat room and we expect members to act
professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.
Note: chat logs saved (timestamp) from Québec, Canada in eastern daylight time Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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